Bitcoin use spreading despite vulnerability

30 December 2013 |

SENATE informational panels deemed it legitimate. Detractors dismiss it as unstable and a vehicle for criminal trade. China has banned new deposits on its largest exchange.

But Bitcoin, the international digital payment system and currency and one of the hottest technology and finance topics of the past year, could become a widespread vehicle for trade.

“The thing that’s really exciting about bitcoin is that, here in South Florida, we have a half billion people to the south of us who do not have access to a banking system that works well, capital markets, credit – things that we take for granted,” said Charles Evans, business professor at Florida Atlantic University and one of the founders of the Miami International Bitcoin conference.


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